Common use of Minor and Administrative Errors Clause in Contracts

Minor and Administrative Errors. The U.S. Competent Authority shall notify The Bahamas Competent Authority when the U.S. Competent Authority has reason to believe that administrative errors or other minor errors may have led to incorrect or incomplete information reporting or resulted in other infringements of this Agreement. The Bahamas Competent Authority shall apply its domestic law (including applicable penalties) to obtain corrected and/or complete information or to resolve other infringements of this Agreement.

Minor and Administrative Errors. The U.S. Competent Authority shall notify The Bahamas the Cayman Islands Competent Authority when the U.S. Competent Authority it has reason to believe that administrative errors or other minor errors may have led to incorrect or incomplete information reporting or resulted in other infringements of this Agreement. The Bahamas Cayman Islands Competent Authority shall apply its domestic law (including applicable penalties) to obtain corrected and/or complete information or to resolve other infringements of this Agreement.